GM Moves On Past 'Government Motors'

By now it shouldn't come as a shock to anyone that the taxpayer-subsidized Chevy Volt has become an expensive corporate vanity project for General Motors Co. Likewise, the notion that the U.S. Treasury may be made whole on its bailout of the auto maker has been long forgotten.

With that in mind, investors have been slow to drop the pejorative label "Government Motors." Two-and-a-half years after its initial public offering,...